Americas Chart Pack July 2026
Sparta’s Chart Packs are ready-made collections of charts that highlight key commodity market moves, giving traders a fast, visual snapshot of what matters without building charts themselves.
Monthly Americas Chart Pack: July 2026
The US-Iran conflict has reignited at the Strait of Hormuz. Layered onto lost Russian refining capacity, it is forcing the US to shut crude arbs.
Key takeaways:
• Cracks hit record highs. USGC 3:2:1 spreads have hit new all time highs as refined products get caught between two conflicts.
• US shuts crude arbs. Record domestic cracks have forced the US to close arbs, cutting Europe off from US barrels while Asia fills the gap.
• WTI turns unattractive. WTI is unattractive into both NWE and the Far East as US inventories keep drawing.
• Diesel arb stays closed. US diesel inventories remain low and TC14 arbs are shut. A weaker HOGO opens resupply into NWE.
• Freight prices in the risk. TD25 Afra rates have jumped. Unattractive WTI pricing may cap the rally.
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Distillates strength pulls further ahead after a short breather, as tightness looms ahead; jet looks...
Diesel arbs into Europe are mostly closed despite the recent upturn in pricing. Meanwhile Jet arbs East-West are much more favourable. Further weakness in SG10 E/W and in NWE Jet CIF diffs likely.
14 AUG 26 - 08:08
Atlantic Basin looks to hold naphtha, giving support to MOPJ premiums
Marginal Med arbs and a shut Rotterdam–Chiba keep naphtha in the Atlantic Basin, with Brazil the stronger outlet and MOPJ risk building into Q4.
14 AUG 26 - 07:22